TRUMAN LIBRARY

File containing material pertinent to US-French negotiation for a loan, with some further information on US loan to Britain, includes:memo detailing the procedures governing the French loan negotiations. - Text of survey of French economic position prepared by the Commissariat Général du Plan de Modernisation et d'Equipement, with co-operation of French Ministers, explains burden of reconstruction and defence. - Paper on French foreign exchange position 1946 and France's estimate of credit. requirements. Reports on progress and results of financial negotiations, with Fred Vinson, Secretary of Treasury in Chair. Details French position the programme of rehabilition would be unfruitful without guarantee of assistance. US seeking freeing of international trade, need for investment to boost French production level. - Summary of speech by Leon Blum on level of investment necessary for reconstruction. Reports on meetings of US Top Committee on issue of spending on import programme, Jean Monnet stated that France couldn't replace Germany as supplier until it builds up an adequate steel industry. - Memo by Ivan B. White, State Dept. favoured medium term arrangement by US with France. -Information on negative attitude of Congress toward supporting foreign loans. - Opinion in US Administration that decision on French loan be passed before French election 1946, as Blum's election success depended on obtaining substantial credits in US. - Treasury memo on Monnet's proposal for meeting France's deficit with details. - Approval of the the lend-lease and reciprocal aid act by Truman, 28/05/1946.

English

Textual

The originals are held in various Archives in Europe and in the USA

CEM/JMAS

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